It's workers paying for these tax cuts

My 1960s economics professor stated that our national debt was no real threat to a national economic collapse because nearly all the money owed was owed to our fellow Americans, not foreigners.

If he was right then, columnist Steven Moore (Kitsap Sun, Dec. 23) is wrong in his analogy comparing Kennedy's tax cuts with Trump's, and predicting a similar stimulus to our modern economy. Times have changed. We now have too much foreign debt.

Today's American capitalists maximize profits by using cheaper foreign labor and by borrowing foreign capital. Tax cuts for rich international corporations will largely result in increased jobs for cheaper overseas laborers and have little effect on higher wages and more jobs for American laborers. In a nutshell, decreased corporate tax rates do indeed put more money in the pockets of capitalist investors, but only 13 percent of the recent tax cut bill passed by Congress puts more money into the pockets of wage-earning American workers.

Most small American businesses can't afford to raise wages or increase hiring. The estimated $1.5 trillion addition to our $20 trillion national debt is increasingly owed to foreigners. Who pays?

Time will tell whether wage earners will continue to support their Republican representatives in Congress.

Tom Driscoll, Poulsbo

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